ADVFN US – Market Content Editor
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Boeing Reports Wider-Than-Expected Second-Quarter Loss Despite Revenue Beat
Boeing Co. (NYSE:BA) reported a larger-than-expected adjusted loss for the second quarter, although revenue exceeded market forecasts as aircraft deliveries increased and the aerospace manufacturer generated positive cash flow. Shares rose around 1.2% following the results. Revenue Tops Expectations as Deliveries Increase Boeing posted an adjusted loss of $0.76 per share for the second quarter,…
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Incyte Tops Second-Quarter Expectations but Shares Slip on Lower Revenue Outlook
Incyte (NASDAQ:INCY) reported better-than-expected second-quarter earnings and revenue on Tuesday, although its shares edged lower in pre-market trading after the company issued full-year sales guidance that came in below analysts’ expectations. The biotechnology group delivered strong growth across its commercial portfolio, supported by higher sales from several key products and continued pipeline progress. Earnings and…
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Sherwin-Williams Shares Jump After Earnings Beat and Higher Full-Year Outlook
Sherwin-Williams Company (NYSE:SHW) shares climbed more than 5% in pre-market trading on Tuesday after the paints and coatings manufacturer reported stronger-than-expected second-quarter results and increased its full-year earnings guidance despite a subdued demand environment. The company delivered higher revenue and profit, supported by continued market share gains, strategic investments and contributions from acquisitions. Revenue and…
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Coca-Cola Raises Full-Year Profit Forecast After Strong Second-Quarter Performance
Coca-Cola (NYSE:KO) increased its full-year earnings outlook after reporting second-quarter results that exceeded analysts’ expectations, supported by higher comparable earnings and continued revenue growth. Shares edged higher in pre-market trading following the announcement. Comparable earnings per share for the quarter ended 3 July rose 7% year over year to $0.97, beating the Bloomberg consensus estimate…
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Incoming Apple Chief Executive Plans to Expand Entertainment Business
Apple (NASDAQ:AAPL) incoming chief executive John Ternus said he intends to build on the company’s recent success in film and television when he takes over leadership of the iPhone maker in September. Apple entered the original content market in 2019 with the launch of its Apple TV+ streaming service, producing a growing catalogue of award-winning…
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Hormel Foods Appoints John Ghingo as Chief Executive Officer
Hormel Foods Corporation (NYSE:HRL) has named John Ghingo as its next president and chief executive officer, with his appointment set to take effect on 26 October 2026. Ghingo will succeed Jeff Ettinger, who has led the company as interim chief executive during the board’s search for a permanent successor. Experienced Executive to Lead Next Phase…
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Hilton Shares Weaken as Third-Quarter Profit Forecast Falls Short of Expectations
Hilton Inc (NYSE:HLT) shares fell more than 2% in pre-market trading on Tuesday after the hotel operator delivered second-quarter results broadly in line with market expectations but issued a weaker-than-expected earnings outlook for the third quarter. The company reported second-quarter earnings per share of $2.29, narrowly exceeding the analyst consensus estimate of $2.26. Revenue totalled…
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Meta and BlackRock Partner on $14 Billion Texas Data Centre Development
Meta Platforms (NASDAQ:META) and BlackRock (NYSE:BLK) have agreed to form a joint venture to develop and own a major data centre campus in El Paso, Texas, in a project with an estimated total development cost of approximately $14 billion. The agreement brings together Meta’s expanding artificial intelligence infrastructure plans with BlackRock’s infrastructure investment capabilities. BlackRock…
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PayPal Beats Second-Quarter Expectations and Lifts Full-Year Profit Forecast
PayPal (NASDAQ:PYPL) delivered stronger-than-expected second-quarter results, exceeding Wall Street forecasts for both earnings and revenue while increasing its profit outlook for the full year. Adjusted earnings per share came in at $1.38, comfortably ahead of analysts’ expectations of $1.28. Revenue reached $8.68 billion, representing 3% growth on a currency-neutral basis and surpassing the consensus forecast…
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Stellantis Agrees Sale of Free2move Car-Sharing Business to Strengthen Automotive Focus
Stellantis (NYSE:STLA) has reached an agreement to sell its Free2move car-sharing business to German investment firm Mutares, as Chief Executive Antonio Filosa continues to streamline the group’s operations and concentrate on its core automotive business. The transaction, whose financial terms have not been disclosed, is expected to be completed before the end of the year.…